Bloomberg European Central Bank (ECB) policy makers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock they failed to forecast risks both a recession and echoes of the euro area’s sovereign debt crisis. As President Christine Lagarde and colleagues meet in the resort of Sintra for their version of …

Bloomberg There’s a narrow path for the world’s central banks to stem rising inflation without tipping their economies into a recession, according to the head of the Bank for International Settlements (BIS). “There is a possibility that it can be pulled off without a major impact — with an impact on GDP but not going all the way to a …

  Bloomberg Effects related to the Covid-19 pandemic in recent months will make it challenging for China to meet its 5.5% annual growth target, a central bank adviser said, adding that pro-economy policies including special bond issuance could be on the way. China’s economy could see a strong rebound in the second half, “but difficulties remain for the 5.5% target,” …